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$349,900

1235 Terrace Dr, Mesquite, TX, 75150

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,142 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$163.35 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesTrash Compactor, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Convection Oven, Double Oven, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Lot Size7,477 sqft

Building Information

Year Built1985
Stories1
Roof Type105
Garage Spaces2

Land Information

APN381208100B0140000
Lot Number14
SubdivisionMeadowview Farms
Land UseResidential
Legal DescriptionMEADOWVIEW FARMS 2 BLK B LT 14 INT202400132938 DD06272024 CO-DC 1208100B01400 1CM1208100B
Census Tract017811
Assessed Land Value$80,000
Assessed Improvement Value$288,040
Assessment Year2025

About this property

You will love this beautiful home with fresh updates throughout. The floorplan has been changed to open up the flow between the dining and living areas, great for entertaining. Granite countertops, stone backsplash, gas cooktop and double oven will make meal preparation a joy. The living room features a brick fireplace and beautiful LVP flooring. The backyard with mature trees and covered patio area has plenty of room to entertain, play or just relax. Located in the highly desirable Meadow view Farms neighborhood, with easy access to shopping and major thoroughfares. This home is ready and waiting for you. Welcome home!

Investor Tools

Property Icon
$368,040
Estimated Property Value
$325,949Estimated Mortgage Balance
$53,298Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,208 /month
Positive
Cash Flow Estimate:
$736 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$741/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,049
$368,040
2025
$80,000
$288,040
$368,040
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,049
$368,040

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
N/A
Unknown
$325,949
No
First
Jun 27, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$314,742
$53,298
14%
86%
$1,955/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,955/mo
+$17/mo
6.4%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Mesquite

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1235 Terrace Dr | Property Details | No Agent List